Could BTC Reach $10k Again Before 2020?

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  • PlanB suggested earlier this week that BTC/USD could easily move back to the $10k range before the start of next year.
  • “Call me crazy, but it wouldn’t surprise me if BTC closes 2019 at $10k+…”
  • Such a massive surge would mean the flagship currency would have to rise by at least 40%.

Seeing the leading cryptocurrency heading back over the $10k mark in December may feel like a ship that’s long gone. But according to the creator of one of the most accurate BTC price models, you shouldn’t be surprised if it does.

PlanB, the Twitter analyst known for his Stock-to-Flow Bitcoin price charts, suggested earlier this week that BTC/USD could easily move back to the $10k range before the start of next year.

“Call me crazy, but it wouldn’t surprise me if BTC closes 2019 at $10k+ .. opportunities like this (#bitcoin below S2F model value, 6 months before the halving) are rare.” 

Such a massive surge would mean the flagship currency would have to rise by at least 40% from its current levels to meet this prediction.

Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

Bearish moves

Talk of the bears seemingly getting so close to the highly anticipated halving event caught the attention of another twitter analyst, Willy Woo who looked up the “unique” quality of the market this year. Woo highlighted that the prior halvings came during bullish price action. 

Responding to PlanB, Woo said time:

“We’d need to close above 8300 by the end of the month (4 more days), or we’ll likely have a bearish December to test new lows.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!



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